UXLINK Secures $9m Funding Backed by OKX, KuCoin
The Web3 social network UXLINK disclosed that it had raised $9 million in a fundraising round backed by publicly traded corporations and private cryptocurrency. With 3.5 million members, Singapore-based web3 social firm UXLINK has drawn $9 million in funding from a consortium of investors. A press statement stated that OKX Ventures led a group of […]
Andreessen Horowitz Invests $100M in EigenLayer – Report
Andreessen Horowitz (a16z), a venture capital firm, has secured $100 million in funding for EigenLayer, the largest restaking protocol on the Ethereum blockchain. Bloomberg reported that the venture capital firm was the sole investor in the funding round on February 22. In March, Blockchain Capital assisted in completing a $50 million funding round for the […]
Ethena Labs Receives $14M in Funding for ETH-based Synthetic Dollar
Ethena Labs has received $14 million in financing from various crypto industry venture capitals for an Ethereum-based synthetic dollar. Among other investors, venture capital firm Dragonfly provided the financing that Ethena’s team disclosed on February 16. The startup secured $6 million in an earlier round of funding in 2023 from Binance Labs, Gemini, Bybit, Mirana […]
Web3 Platform Analog Closes $16M Funding Round
Analog has obtained $16 million in funding to advance its cross-chain communication tools for developers. The round brings the startup’s valuation to a fully diluted state of $120 million. Several Web3 funds and cryptocurrency initiatives contribute to the round, including Wintermute, Orange DAO, Benqi Finance, and Quantstamp. In addition to venture capital firms Tribe Capital, […]
OpenAI Seeks Funding for AI chip Development – Report
Sam Altman, the chief executive officer of OpenAI, is reportedly discussing raising trillions of dollars with global investors to fund AI chip development. The Wall Street Journal reported on February 8 that Altman’s endeavor would necessitate around $5–7 trillion in funding. According to sources with close ties to OpenAI, the funds would address the company’s […]